Below is a list of standard documents that lenders require during the loan application process.
A copy of fully signed sales contract including all riders.
Verification of the deposit you placed to the home (copy of front and back of earnest money check).
Names, addresses and telephone numbers of all realtors, builders, insurance agents and attorneys.
A copy of MLS listing sheet and legal description if available.
If the property is a condominium, please provide condominium declaration, by-laws, and most recent budget.
Copies of your pay-stubs for the most recent 30-day period (4 if paid weekly, two if paid bi-weekly).
Copies of ALL your W-2 forms for the past two years.
Names and addresses of ALL employers for the last two years.
A letter explaining any gaps in employment in the past two years if more than 60 days.
Work visa or green card (copy front & back).
Self-employed or receiving commission, bonuses, dividends or rental income:
If you will use alimony or child support to qualify:
If you receive social security income, disability or VA benefits:
Sale of your existing home - provide a copy of the signed sales contract on your current residence and statement if unsold (at closing, you must also provide a settlement/closing Statement).
Savings, checking or money market funds - provide copies of bank statements for the last two months (all pages).
Be sure to document any large deposits and or bank transfers that are not related to payroll income.
Stocks and bonds - provide copies of your statement from your broker or copies of certificates.
Gifts - If gifts constitute part of your cash to close, provide gift affidavit and proof of receipt of funds (talk to a lender for specifics).
Based on information appearing on your application and your credit report, you may be required to submit additional documentation.
Your debts will be grabbed from your credit report. Prepare a list of all names, addresses, account numbers, balances, and monthly payments for any debt not on your credit report (usually just brand new debt).
Include all names, addresses, account numbers, balances, and monthly payments for mortgage holders and landlords for the last two years.
If you are paying alimony or child support, include marital settlement/court order stating the terms of the obligation.
Check to cover application fee(s) and appraisal costs.
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